Overall, the properties owned by Smiths Falls are in good shape.
That’s according to Asset Management Advisor Arun Sharma.
But replacements and updates need to be made on the rest, with a recent report showing $52.5 million worth of asset’s deemed as backlog.
Sharma walked council through where most of it is tied up in.
An asset is considered “backlogged” when they’re still operational, but beyond their estimated use of life.
Story by Grant Deme
